29
Apr
16:08
Turkish scrap market falls silent before Eid holiday
Business activity in Turkey’s scrap market stopped almost completely on the eve of the Eid holiday.
Although most market participants were expecting Turkish mills to resume their scrap purchases before the holiday, this has not materialised due to weak finished steel sales and lower Russian-origin billet offers.
Although there were rumours, no booking was confirmed following the UK deal at $555/tonne cfr Turkey earlier last week. Turkish mills, who were buy…
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Anonymous
Very good overview of the weekly steel market.
Anonymous